Trump imposed a 50% tariff on imports of washing machines in 2018. Researchers estimate the value of washing machines jumped by around 12% as a direct consequence, equivalent to $86 per unit, and that US consumers paid around $1.5bn extra a year in total for these products.

President Donald Trump on Saturday ordered tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods starting on Tuesday to address what he calls a national emergency of fentanyl and illegal immigration pouring into the United States.

U.S. President Donald Trump has imposed tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods to address the national emergency over fentanyl and illegal immigration. This move is anticipated to trigger retaliatory tariffs and possibly a trade war,